Global Point of Sale (POS) Terminals Market Size 2018 by Type (Countertop, Smart, M-POS & Integrated), By Components (Hardware & Software), By Technology (Fixed & Wireless), By Industry (Retail, Entertainment, Healthcare, Hospitality, Transportation, & Others), By Region and Forecast 2019 to 2025
Nov 27 2019
Total Pages: 92
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The global point of sale terminals market was valued at USD 9,992.8 million in 2018. Increasing business intelligence, internet of things, and innovative way of payment methods are the key drivers, which eventually contribute to the growth of point of sale terminal market.
The point of sale terminals comprises of two components like hardware and software that makes daily business operation faster and easier. Recently both the hardware and software components are combined together in coming products as a new technology. It accepts NFC (Near field communication), EMV chip card and swiped card payments.
The point of sale is undergoing radical transformation as people are moving toward e-wallets and prefer payment through card instead of cash payment. Cash will be replaced by debit card, and credit card as leading point of sale method by 2020.
In January 2019 Toshiba global commerce solution (Multinational conglomerate company, JAPAN) had announced that they will be integrating its TCX 300 point of sale system at all the Massachusetts site for grocery store chain Roche Bros by March 2019.
In July 2019 Toast POS (one of the leading POS selling company, US) has been acquired by StateEx (leading provider of HR and payroll software for restaurants) for making of restaurant POS system.
The point of sale market terminal in Central and South America is anticipated to grow because electronic retail trade has shown exponential growth in period of 2011 to 2016. Cost effective counter top terminal is highly boosting the point of sale terminal market in Central and South America region.
Throughout the world governments are investing more in POS infrastructure and initiated the program related to point of sale that provides incentive to the merchants which eventually raises the growth of point of sale terminal market. For digital payment systems like point of sale, government include, NEFT (national electronic fund transfer), UPI (Unified payments interface), and IMPS (Immediate payment service) among others.
Key segment of the point of sale market terminal
POS type overview, 2015-2025 (USD million)
- Counter-top
- Smart POS
- M-POS
- Integrated POS
Components overview, 2015-2025 (USD million)
- Hardware
- Software
Technology overview, 2015-2025 (USD million)
- Fixed
- Wireless
Industry overview, 2015-2025 (USD million)
- Retail
- Entertainment
- Hospitality
- Healthcare
- Transportation
- Others
Regional overview, 2015-2025 (USD million)
- North America
- US
- Canada
- Europe
- UK
- France
- Germany
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Rest of APAC
- Central and South America
- Brazil
- Mexico
- Rest of Central and South America
- Middle East and Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East and Africa
Reason for study:-
- The purpose of the study is to give a holistic outlook of the global point of sale terminal market
- The overall segmentation of the acquired point of sale terminal market, especially key segments such as POS type is thoroughly studied. Counter-top POS is anticipated to be the fastest growing sub segment till 2025
- Market size estimation and forecast have been provided for all the above-mentioned segments
- Rapid growth in technological advancement give rise to the overall global point of sale terminal market
Who should buy this report?
- Executives and R&D professionals who wants to develop new technology and wants to know about market trends of point of sale terminal market
- Point of sale system manufacturers or developer
- Regulatory authorities and government organizations looking for innovative product solutions and development
POS system comprises of both hardware and software together to work as whole system, POS system running with software including receipt printer, barcode scanner & magnetic card reader.
Point of sale (POS) terminal is highly boosting the market in North America region. The developed economy of North America is participating in the high growth of point of sale terminal market and Asia-Pacific is the largest market for the point of sale terminal market.
New technological advancement and internet of things contributes towards the growth of the point of sale terminal market. Point of sale equipment allows owner to track the sales and helps in collection of payment by using POS system, Customer can track his revenue and profit. In recent times, the volume of cashless transactions have increased, giving rise to alternative options such as mobile e-wallets. Such options offer cashback, coupons and discounts to pull younger customers. Furthermore, today at most of the retail stores, various barcode scanners are available to enable direct transaction via e-wallets. Therefore, consequently the demand for POS terminals is expected to witness a minor downfall in the forthcoming years.
Cybercrime is one of the big issue with POS system. By installing POS malware into POS system, they can steal the data of customer while unencrypted time frame. However, biometric technology protect the POS system by providing finger print scanner. By fingerprint biometrics, users cannot use credential of others to login into POS system. Hence, by security concern POS system is safe to use, furthermore it is anticipated to boost the point of sale terminal market.
The global point of sale market contains both software and hardware segment. The hardware segment of the POS component has maximum revenue share within the global point of sale market was estimated more than USD 6708.5 million in 2018. The use of hardware POS depend upon the places where it is being used. At the large retail or food stores, they prefer usually wireless and touch screen POS, for better preference of customer as well as merchant. However, small retailers uses mobile POS (M-POS) because they are easy to use and also give rise to the overall point of sale market.
.png "POS TERMINAL MARKET TYPES, 2015-2025 (USD MILLION)")
Mobile POS terminals (M-POS) is a profitable method of POS transaction mainly used by small and medium sized industries and also participates as a highest contributor to the overall point of sale terminal. It is moveable POS which can be easily connected to the smart phones or a tablet that can function as a register. Customer can do payment by easily swiping up the card or by directly through scanning via merchant’s phone using NFC or Bluetooth. The factors which boost the market are increase in smartphone users and new upcoming business methods such as mobile e-wallets and low cost technologies, which is also contributing to the overall point of sale terminal market.
Counter-top POS terminal is an inexpensive solution, which provides security, great performance, reliability and ease of use. Hence, they are the major contributor to the global point of sale market. The option for connectivity of these terminals comprises of IP (internet protocol) which require broadband connection connected through LAN (local area network) or WAN (wide area network), PSTN (public switched telephone network).which requires a telephone line and GPRS (general packet radio service) which require wireless network (SIM card). The counter-top POS terminal market has been anticipated to grow more than double by its presentable value till 2025.
According to 2018 data, North America was dominating market and it will maintain its market growth for POS terminal sale market by 2025.
In North America market is highly dominating because of its developed economy. North America is the biggest hub for global investors in point of sale terminal market. Continuously developing technology is boosting the North America’s market. U.S and Canadian customer are demanding for the latest technologies. In 2017, the unbanked share of Americans felled by 5%, so in this case debit card was strongest preference with 34% of transaction done at the point of sale. Almost three-fourth volume is covered by point of sale in overall e-commerce volume. Credit card will be highly preferable tool in case of point of sale terminal market.
Asia-Pacific region is the largest market for the point of sale terminal market as it is developing region. China and India are developing economy of Asia-Pacific region. It is a largest market due to increasing population of youngsters and disposable income. New technology and cashless transaction is highly accepted by the youth nowadays. Hence, it is expected to grow at 15.74% CAGR. In China adoption of e-wallets by consumer is also on its high peak because of its highly developing economy and highest population. Hence, this would be key driver for China point of sale terminal market.
Competitive landscape in all over the regions are:-
- Ingenico Group,
- VeriFone Systems Inc.,
- PAX Technology,
- Shenzhen Zhengtong Electronics Co Ltd
- Fujian Newland Computer Co,
- Nexgo Inc.,
- Cybernet Manufacturing, Inc.,
- New POS Technology Limited,
- Panasonic Corporation
- Toshiba.
The global point of sale terminals market was valued at USD 9,992.8 million in 2018. Increasing business intelligence, internet of things, and innovative way of payment methods are the key drivers, which eventually contribute to the growth of point of sale terminal market.
The point of sale terminals comprises of two components like hardware and software that makes daily business operation faster and easier. Recently both the hardware and software components are combined together in coming products as a new technology. It accepts NFC (Near field communication), EMV chip card and swiped card payments.
The point of sale is undergoing radical transformation as people are moving toward e-wallets and prefer payment through card instead of cash payment. Cash will be replaced by debit card, and credit card as leading point of sale method by 2020.
In January 2019 Toshiba global commerce solution (Multinational conglomerate company, JAPAN) had announced that they will be integrating its TCX 300 point of sale system at all the Massachusetts site for grocery store chain Roche Bros by March 2019.
In July 2019 Toast POS (one of the leading POS selling company, US) has been acquired by StateEx (leading provider of HR and payroll software for restaurants) for making of restaurant POS system.
The point of sale market terminal in Central and South America is anticipated to grow because electronic retail trade has shown exponential growth in period of 2011 to 2016. Cost effective counter top terminal is highly boosting the point of sale terminal market in Central and South America region.
Throughout the world governments are investing more in POS infrastructure and initiated the program related to point of sale that provides incentive to the merchants which eventually raises the growth of point of sale terminal market. For digital payment systems like point of sale, government include, NEFT (national electronic fund transfer), UPI (Unified payments interface), and IMPS (Immediate payment service) among others.
Key segment of the point of sale market terminal
POS type overview, 2015-2025 (USD million)
- Counter-top
- Smart POS
- M-POS
- Integrated POS
Components overview, 2015-2025 (USD million)
- Hardware
- Software
Technology overview, 2015-2025 (USD million)
- Fixed
- Wireless
Industry overview, 2015-2025 (USD million)
- Retail
- Entertainment
- Hospitality
- Healthcare
- Transportation
- Others
Regional overview, 2015-2025 (USD million)
- North America
- US
- Canada
- Europe
- UK
- France
- Germany
- Rest of Europe
- Asia-Pacific
- China
- India
- Australia
- Rest of APAC
- Central and South America
- Brazil
- Mexico
- Rest of Central and South America
- Middle East and Africa
- South Africa
- UAE
- Saudi Arabia
- Rest of Middle East and Africa
Reason for study:-
- The purpose of the study is to give a holistic outlook of the global point of sale terminal market
- The overall segmentation of the acquired point of sale terminal market, especially key segments such as POS type is thoroughly studied. Counter-top POS is anticipated to be the fastest growing sub segment till 2025
- Market size estimation and forecast have been provided for all the above-mentioned segments
- Rapid growth in technological advancement give rise to the overall global point of sale terminal market
Who should buy this report?
- Executives and R&D professionals who wants to develop new technology and wants to know about market trends of point of sale terminal market
- Point of sale system manufacturers or developer
- Regulatory authorities and government organizations looking for innovative product solutions and development
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Porter’s Five Forces’ analysis
3.4. Value chain analysis
Chapter 4. Point of Sale Market Overview, By Type
4.1. Global point of sale market share, by type, 2018 & 2025
4.2. Counter top
4.2.1. Market size and projections, 2015 - 2025
4.3. Smart POS
4.3.1. Market size and projections, 2015 – 2025
4.4. M-POS
4.4.1. Market size and projections, 2015 - 2025
4.5. Integrated POS
4.5.1. Market size and projections, 2015 – 2025
Chapter 5. Point of Sale Market Overview, By component
5.1. Global point of sale market share, by components, 2018 & 2025
5.2. Hardware
5.2.1. Market size and projections, 2015 – 2025
5.3. Software
5.3.1. Market size and projections, 2015 – 2025
Chapter 6. Point of Sale Market Overview, By Technology
6.1. Global point of sale market share, by technology, 2018 & 2025
6.2. Fixed
6.2.1. Market size and projections, 2015 – 2025
6.3. Wireless
6.3.1. Market size and projections, 2015 – 2025
Chapter 7. Point of Sale Market Overview, By Industry
7.1. Global point of sale market share, by industry, 2018 & 2025
7.2. Retail
7.2.1. Market size and projections, 2015 – 2025
7.3. Entertainment
7.3.1. Market size and projections, 2015 – 2025
7.4. Hospitality
7.4.1. Market size and projections, 2015 – 2025
7.5. Healthcare
7.5.1. Market size and projections, 2015 – 2025
7.6. Transportation
7.6.1. Market size and projections, 2015 – 2025
7.7. Others
7.7.1. Market size and projections, 2015 – 2025
Chapter 8. point of Sale Market Overview, By Region
8.1. Global point of sale market share, by region, 2018 & 2025
8.1.1.1. North America
8.1.1.1.1. Market size and projections, 2015-2025
8.1.1.2. US
8.1.1.2.1. Market size and projections, 2015-2025
8.1.1.3. Canada
8.1.1.3.1. Market size and projections, 2015-2025
8.1.1.4. Europe
8.1.1.4.1. Market size and projections, 2015-2025
8.1.1.5. UK
8.1.1.5.1. Market size and projections, 2015-2025
8.1.1.6. France
8.1.1.6.1. Market size and projections, 2015-2025
8.1.1.7. Germany
8.1.1.7.1. Market size and projections, 2015-2025
8.1.1.8. Rest of Europe
8.1.1.8.1. Market size and projections, 2015-2025
8.1.1.9. Asia Pacific
8.1.1.9.1. Market size and projections, 2015-2025
8.1.1.10. China
8.1.1.10.1. Market size and projections, 2015-2025
8.1.1.11. India
8.1.1.11.1. Market size and projections, 2015-2025
8.1.1.12. Australia
8.1.1.12.1. Market size and projections, 2015-2025
8.1.1.13. Rest of APAC
8.1.1.13.1. Market size and projections, 2015-2025
8.1.2. Central and South America
8.1.2.1. Market size and projections, 2015-2025
8.1.2.2. Brazil
8.1.2.2.1. Market size and projections, 2015-2025
8.1.2.3. Mexico
8.1.2.3.1. Market size and projections, 2015-2025
8.1.2.4. Rest of Central and South America
8.1.2.4.1. Market size and projections, 2015-2025
8.1.3. Middle East & Africa
8.1.3.1.1. Market size and projections, 2015-2025
8.1.3.2. South Africa
8.1.3.2.1. Market size and projections, 2015-2025
8.1.3.3. UAE
8.1.3.3.1. Market size and projections, 2015-2025
8.1.3.4. Saudi Arabia
8.1.3.4.1. Market size and projections, 2015-2025
8.1.3.5. Rest of Middle East and Africa
8.1.3.5.1. Market size and projections, 2015-2025
Chapter 9. Industry Structure
9.1. Company market share, 2016
9.2. Strategic framework
Chapter 10. Company Profiles
10.1. Ingenico Group
10.1.1. Company overview
10.1.2. Product portfolio
10.1.3. Key developments
10.1.4. Financial performance
10.1.5. SWOT
10.2. veriFone Systems Inc.
10.2.1. Company overview
10.2.2. Product portfolio
10.2.3. Key developments
10.2.4. Financial performance
10.2.5. SWOT
10.3. PAX Technology
10.3.1. Company overview
10.3.2. Product portfolio
10.3.3. Key developments
10.3.4. Financial performance
10.3.5. SWOT
10.4. Shenzhen Zhengtong Electronics Co Ltd. (SZZT)
10.4.1. Company overview
10.4.2. Product portfolio
10.4.3. Key developments
10.4.4. Financial performance
10.4.5. SWOT
10.5. Fujian Newland Computer Co., Ltd.
10.5.1. Company overview
10.5.2. Product portfolio
10.5.3. Key developments
10.5.4. Financial performance
10.5.5. SWOT
10.6. Nexgo Inc.
10.6.1. Company overview
10.6.2. Product portfolio
10.6.3. Key developments
10.6.4. Financial performance
10.6.5. SWOT
10.7. Cybernet Manufacturing, Inc.
10.7.1. Company overview
10.7.2. Product portfolio
10.7.3. Key developments
10.7.4. Financial performance
10.7.5. SWOT
10.8. New POS Technology Limited
10.8.1. Company overview
10.8.2. Product portfolio
10.8.3. Key developments
10.8.4. Financial performance
10.8.5. SWOT
10.9. Panasonic Corporation
10.9.1. Company overview
10.9.2. Product portfolio
10.9.3. Key developments
10.9.4. Financial performance
10.9.5. SWOT
10.10. Toshiba
10.10.1. Company overview
10.10.2. Product portfolio
10.10.3. Key developments
10.10.4. Financial performance
10.10.5. SWOT